8086446 11/8/2017 8:44 AM, GBP/USD Intraday: the upside prevails.


Pivot: 1.3120


Our preference:

long positions above 1.3120 with targets at 1.3200 & 1.3235 in extension.


Alternative scenario:

below 1.3120 look for further downside with 1.3080 & 1.3040 as targets.


Comment:

the RSI is bullish and calls for further upside.


Supports and resistances:


1.3270 **

1.3235 **

1.3200 ***


1.3171

Last

1.3120 *

1.3080 **

1.3040 *